Chinese Stocks in the U.S.: Chalco, China Southern, Hengan
The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, fell 0.1 percent to 429.64. The American Stock Exchange China Index decreased 0.5 percent to 232.78. The Shanghai Composite Index increased 0.8 percent to 2,888.57.
The following companies were among the most active Chinese shares in New York trading. Stock symbols are in parentheses and prices are as of 4:30 p.m. New York time.
Aluminum Corp. of China Ltd. (ACH US), China’s biggest maker of the lightweight metal, declined 2.6 percent to $22.96. Standard & Poor’s Ratings Services affirmed its BBB+ foreign currency long-term corporate credit rating, with a negative outlook. Standard & Poor’s also lowered its stand-alone credit profile to BB+ from BBB-.
China Southern Airlines Co. Ltd. (ZNH US), the nation’s biggest airline by fleet size, increased 2.5 percent to $34.65. Chinese airlines carried 12.7 percent more passengers in October, compared with the same month a year earlier, Civil Aviation Administration of China said in a statement on its website.
Hengan International Group Co. Ltd. (HEGIF US) added 0.5 percent to $8.84. The sanitary products maker was raised to “buy” from “hold” at DBS Vickers by equity analyst Patricia Yeung. The 12-month target price is HKD 75 per share.
Suntech Power Holdings Co. Ltd. (STP US) rose 0.8 percent to $7.48. The world’s largest solar panel maker was rated new “neutral” at Susquehanna by equity analyst Mehdi Hosseini. The 12-month target price is $7 per share.
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